what is repo rate?
- 147 Answers
- 199995 Views
- Accenture, Alstom, Birla Sun Life, Capital IQ, Corporation Bank, Dena Bank, Ernst Young, ICICI, Ing Vysya Bank, MBA, Morgan Stanley, Nabard, RBI, Sanat, Siemens, State Bank Of India SBI, TATA, UPSC, I also Faced
- E-Mail Answers
Answer Posted / jijo thomas
Whenever the banks have any shortage of funds they can
borrow it from RBI. Repo rate is the rate at which our
banks borrow rupees from RBI. A reduction in the repo rate
will help banks to get money at a cheaper rate. When the
repo rate increases borrowing from RBI becomes more
expensive.
The rate charged by RBI for its Repo operations is 4.75%
and Reverse Repo rate is 3.25%.
| Is This Answer Correct ? | 0 Yes | 1 No |
Post New Answer View All Answers
outstanding expenses are the expenses that "unpaid"at the end of the accounting period e.g.salaries rent so they all come to under nominal accounts which is debt all expenses and losses and credit all gains since they are unpaid hence they must be credited
What do you mean Business
What are write off entries to be passed say if im having payable of Rs. 400 standing in the balance sheet and I want to write it off...
Fiscal year variant F1 has 6 posting periods and fiscal year variant F2 has 4 posting periods. The posting have different start and ending dates.assign posting period variant F1 is assigned to leading ledger (0L) and F2 is assigned to the non-leading ledger(N1). You get an error message when making a posting in the non-leading ledger.?( any 1 answer) • The posting period variant of the non-leading ledger and the leading are different • The fiscal year variant of the non-leading ledger and the leading ledger are different • The posting is being made in a special period, but both variants are examples of a shortened fiscal year • The posting period for the non leading ledger group”N1” is closed
what is a meaning of track record in tally software when we maintain the inventory entry what is role of track record
Can I freeze my account?
Iam selected for final round of interview in IDBI bank for asst. manager post. Can any one help me in knowing what kind of questions will be asked in the interview and how should i prepair?
How to answer for the question, tell me about ur project? I mean in which format can i say?
how MIS statements used in accounts receivables n payables? n what is the advantage of this reports?
what is similarites between tata motors and airtel
Expand-------URM
what are the customization u have done in sap mm
Explain about Fluctuating Capital
company's total overhead expense is containing which are the expenses? Definition of overhead expense.
I WANT ACCOUNT ASSISTANCE INTERWIEV QUETION IN L&T
